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2 years ago
You have been offered a credit card with an interest rate of 1.5% per month.  This is equivalent to and effective annual rate (EAR) of
A) 12.17%.
B) 18.00%.
C) 24.00%.
D) 19.56%.
Textbook 
Financial Management: Principles and Applications
Edition: 13th
Authors:
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2 years ago
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2 years ago
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